Manning & Napier Advisors LLC Takes Position in CNH Industrial N.V. (NYSE:CNH)

Manning & Napier Advisors LLC purchased a new position in CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,159 shares of the company's stock, valued at approximately $1,083,000.

Several other institutional investors have also made changes to their positions in CNH. SG Americas Securities LLC lifted its position in CNH Industrial by 450.0% in the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock worth $739,000 after buying an additional 49,256 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of CNH Industrial by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock valued at $77,000 after acquiring an additional 1,416 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CNH Industrial in the fourth quarter worth $1,233,000. Moore Capital Management LP acquired a new position in shares of CNH Industrial in the fourth quarter worth $10,166,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of CNH Industrial by 1,258.8% during the first quarter. Exchange Traded Concepts LLC now owns 12,936 shares of the company's stock worth $159,000 after acquiring an additional 11,984 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CNH Industrial

In other news, insider Kelly Manley sold 3,575 shares of CNH Industrial stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider now owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jay Schroeder sold 2,154 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the sale, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,246 shares of company stock worth $511,732. Insiders own 1.00% of the company's stock.

CNH Industrial Stock Performance

CNH traded up $0.12 during trading on Friday, hitting $13.02. The stock had a trading volume of 25,757,677 shares, compared to its average volume of 14,197,955. The firm has a market cap of $16.26 billion, a PE ratio of 15.87 and a beta of 1.52. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $12.28.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business's revenue was down 20.5% on a year-over-year basis. Analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

CNH has been the topic of a number of recent research reports. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. Citigroup boosted their price target on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Northland Capmk upgraded CNH Industrial from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Truist Financial reduced their target price on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their target price on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of "Moderate Buy" and an average target price of $15.08.

CNH Industrial Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.